Looking at BTC and thinking, this goes nowhere yet.
Updated
Meaning full? as if we have a crystalball, what are they thinking at TV?
Funny people, those TV guys!.
Ok meaningfull as in i have no clue but pondering some log charts and bigger time scales a more reasonable picture , including a so called wave 1 sqeeuze pattern of a hyperwave trend formation appeard onto my minds eye.
Such a sqeeuze can be identified before any breakout to a new Alltimehigh on the btcusd log charts.
But.....and here it comes.... the higher the targets (from an absolute perspective), the longer it takes & the squeezie-er such a initial pressure buildup trend becomes.
So, i havent seen the start of such a squeeze yet.
Usually it begins by a revisit of the previous ath neighbourhood(and i dont mean 20k!!)
And such a squeeze is usually accompanied by seemingly endless fields of bottom flatness..
so until then, bear with me.
My brainfart & 2cents....
Take care.
Funny people, those TV guys!.
Ok meaningfull as in i have no clue but pondering some log charts and bigger time scales a more reasonable picture , including a so called wave 1 sqeeuze pattern of a hyperwave trend formation appeard onto my minds eye.
Such a sqeeuze can be identified before any breakout to a new Alltimehigh on the btcusd log charts.
But.....and here it comes.... the higher the targets (from an absolute perspective), the longer it takes & the squeezie-er such a initial pressure buildup trend becomes.
So, i havent seen the start of such a squeeze yet.
Usually it begins by a revisit of the previous ath neighbourhood(and i dont mean 20k!!)
And such a squeeze is usually accompanied by seemingly endless fields of bottom flatness..
so until then, bear with me.
My brainfart & 2cents....
Take care.
Note
ATH =>>> A.T.H.=>>> AllTimeHigh!! (pfffff...)
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